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dc.contributor.authorFelipe, Jesusen_US
dc.contributor.authorKumar, Utsaven_US
dc.contributor.authorAbdon, Arnelynen_US
dc.date.accessioned2012-04-12T14:21:28Z-
dc.date.available2012-04-12T14:21:28Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/57031-
dc.description.abstractWe develop an Index of Opportunities for 130 countries based on their capabilities to undergo structural transformation. The Index of Opportunities has four dimensions, all of them characteristic of a country's export basket: (1) sophistication; (2) diversification; (3) standardness; and (4) possibilities for exporting with comparative advantage over other products. The rationale underlying the index is that, in the long run, a country's income is determined by the variety and sophistication of the products it makes and exports, which reflect its accumulated capabilities. We find that countries like China, India, Poland, Thailand, Mexico, and Brazil have accumulated a significant number of capabilities that will allow them to do well in the long run. These countries have diversified and increased the level of sophistication of their export structures. At the other extreme, countries like Papua New Guinea, Malawi, Benin, Mauritania, and Haiti score very poorly in the Index of Opportunities because their export structures are neither diversified nor sophisticated, and they have accumulated very few and unsophisticated capabilities. These countries are in urgent need of implementing policies that lead to the accumulation of capabilities.en_US
dc.language.isoengen_US
dc.publisherLevy Economics Inst. Annandale-on-Hudson, NYen_US
dc.relation.ispartofseriesWorking paper, Levy Economics Institute 613en_US
dc.subject.jelO10en_US
dc.subject.jelO57en_US
dc.subject.ddc330en_US
dc.subject.keywordcapabilitiesen_US
dc.subject.keywordindex of opportunitiesen_US
dc.subject.keyworddiversificationen_US
dc.subject.keywordopen foresten_US
dc.subject.keywordproduct spaceen_US
dc.subject.keywordsophisticationen_US
dc.subject.keywordstandardnessen_US
dc.titleAs you sow so shall you reap: From capabilities to opportunitiesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn635921413en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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